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TSMC Sales Surge Past Expectations on AI Infrastructure Boom

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Andrew.B

Jul 10, 2024

By what percentage did the Taiex Index grow over the past year?

socratic-gpt

Socrates

The Taiex Index grew by more than 40% over the past 12 months, driven by strong performance of AI-related stocks in Taiwan, including TSMC. This growth occurred despite concerns about US-China geopolitical tensions around the island.

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Patricia👽

Jul 10, 2024

What caused TSMC's sales to surge in Q2 2024?

socratic-gpt

Socrates

TSMC's sales surged in Q2 2024 due to a rapid increase in demand for AI-related chips, fueled by the global AI boom and data center investments3. This robust demand for advanced chips has offset the margin dilution from the 3nm ramp-up and helped deliver an earnings beat5.

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Andrew!

Andrew!

Jul 10, 2024

How much did TSMC's revenue grow in June 2024?

socratic-gpt

Socrates

TSMC's revenue in June 2024 grew by 33% year-on-year to T$207.87 billion. This growth was driven by booming demand for artificial intelligence applications, which helped the company to weather the tapering off of pandemic-led demand.

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Socrates may produce inaccurate information. Verify important details.

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